This Solar Stock, engaged in designing and manufacturing solar modules and cells, developing EPC solar projects, offering solutions, and servicing residential, commercial, and utility-scale clients, is in focus after the company plans to invest Rs. 642 crore to expand its solar cell and module production.
With a market capitalization of Rs. 2,602.99 crore, the shares of Alpex Solar Limited were currently trading at Rs. 1,063.60 per equity share, down nearly 0.27 percent from its previous day’s close price of Rs. 1,066.50.
Alpex Solar Limited has set an ambitious internal target of achieving at least 100 percent growth in FY26, in line with its recent strong performance. The company is off to a solid start, with an outstanding order book of Rs. 1,400 crores secured within the first 50 days of FY26.
This includes a significant Rs. 349 crore EPC order from Coal India. Management aims to complete the entire order book within the financial year, reflecting strong execution confidence and growing demand for solar solutions.
Capex: Alpex Solar Limited has announced a total planned capital expenditure (CAPEX) of Rs. 642 crores to expand its solar cell and module production at its Kosi facility. Out of this, Rs. 400 crores will be spent in FY26, with the module expansion expected to be completed by December 2025 and the first phase of the cell plant ready by March 2026.
The remaining Rs. 242 crores will be invested in FY27 to further boost capacity. This expansion aims to strengthen Alpex Solar’s position in the growing solar energy sector.
Capacity Expansion: The company has a solar module manufacturing capacity of 1.2 GW, which is set to expand to 2.4 GW. Alpex is also venturing into solar cell manufacturing, with a 500 MW phase of a 1.6 GW project commencing commercial production in FY26.
Additionally, it is launching an aluminum frame facility with a 12,000 MT annual capacity and expanding its EPC services (150 MW) and power generation (100 MW) by FY27.
Clientele: Alpex Solar Limited is a trusted partner for major clients like Tata Power, NTPC, Indian Oil, and Godrej. It provides solar energy solutions to HAL, Powergrid, SECI, and others, promoting clean energy and sustainability across various sectors.
Major Orders: Alpex Solar Limited has secured several major orders recently, including a Rs. 45 crore solar pump order from MSEDCL, a Rs. 210 crore PV module order from SECI, and a Rs. 65 crore solar pump order from HAREDA.
Additionally, the company received a Rs. 245 crore order from CMPDIL and two large private sector orders totaling Rs. 758 crore. These orders significantly boost the company’s order book and support its aggressive growth targets for FY26.
Overview: Alpex Solar Limited was established in 1993 and is a leading Indian manufacturer of solar photovoltaic (PV) modules and provider of integrated solar energy solutions, headquartered in Greater Noida, Uttar Pradesh.
The company specializes in the production of high-quality solar panels, including bifacial modules, high-efficiency mono PERC, and half-cut modules using both monocrystalline and polycrystalline cell technologies. Alpex Solar also manufactures its own aluminum frames to ensure quality control and compatibility with its panels.
Coming into financial highlights, Alpex Solar Limited’s revenue has increased from Rs. 121 crore in Q4 FY24 to Rs. 327 crore in Q4 FY25, which has grown by 170.25 percent. The net profit has also grown by 483.33 percent, from Rs. 6 crore in Q4 FY24 to Rs. 35 crore in Q4 FY25. Alpex Solar Limited’s revenue and net profit have grown at a CAGR of 51.42 percent and 94.26 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 51.8 percent and 48.1 percent, respectively. Alpex Solar Limited has an earnings per share (EPS) of Rs. 34.1, and its debt-to-equity ratio is 0.36x.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Solar stock with ₹642 Cr capex plan to increase capacity by FY26 to keep an eye on appeared first on Trade Brains.